Alibaba Mobile Payments Dealt a Blow by Chinese Central Bank (NYSE: BABA)
August 05, 2015 at 11:37 AM EDT
The Alibaba mobile payments business was dealt a blow this week when China's central bank issued a draft that could limit online payments in China. Alibaba Group Holding Ltd. (NYSE: BABA) operates the online payment site Alipay Wallet, which could be largely affected by the new laws. Here's the impact for investors... Tags: Alibaba mobile , Alibaba mobile payments , Alibaba online payments , Alibaba Stock , Alibaba stock price , Alibaba stock price today , Alipay Wallet , BABA stock , Baba stock price , NYSE: BABA To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Alibaba Mobile Payments Dealt a Blow by Chinese Central Bank (NYSE: BABA) appeared first on Money Morning - We Make Investing Profitable .